The Global Islamic Fintech Report 2025/26 has been produced by Dinar Standard and Elipses with Salaam Gateway as Marketing Partner,QFC as an Ecosystem Partner,the Islamic Development Bank Institute(IsDBI) as a Strategic Partner and DDCAP Group as a Fintech Partner.
In their Executive Summary,the producers note that,the reports builds on their annual review of the Islamic Fintech sector and marks the fifth consecutive edition of the flagship publication. “The report is a collaborative effort between DinarStandard, a global strategy research and advisory firm and Elipses,a specialist advisory and investment firm focused on ethical digital finance”.
The report has become a core reference for government policymakers, Islamic Fintech founders, financial institutions, and investors.
It provides a comprehensive assessment of the sector, including estimated market size by transaction volume, a country-level benchmarking index, industry perspectives, and a structured analysis of gaps and growth potential across key sub-sectors and geographic markets. It also profiles 30 notable Islamic Fintechs globally and presents valuation metrics for the sector.
The global Islamic Fintech transaction volume was estimated at USD 198 billion in 2024/25 and is projected to reach USD 341 billion by 2029, representing a compound annual growth rate (CAGR) of 11.5%.
This compares favourably with the overall global Fintech industry, which is expected to grow at a CAGR of approximately 11.0% over the same period.
In the past year, 16 countries recorded Islamic Fintech transaction volumes exceeding USD 1 billion. The top 10 countries by estimated transaction volume are Saudi Arabia, Iran, Malaysia, the United Arab Emirates, Indonesia, Kuwait, Türkiye, Bangladesh,Pakistan, and Qatar.
The GIFT Index 2025/26 ranks Saudi Arabia, Malaysia, the United Arab Emirates, Indonesia, Bahrain, the United Kingdom, Qatar, Pakistan, Kuwait, and Singapore as the top 10 most conducive ecosystems for Islamic Fintech globally.
The index applies 19 indicators across five categories: Talent, Regulation, Infrastructure, Islamic Fintech
Market & Ecosystem, and Capital.
The report also assesses sector-wide hurdles and opportunities through a survey of Islamic Fintech practitioners and industry service providers. The most significant challenges identified include access to capital, regulatory compliance requirements, limited customer education, the complexity of geographic expansion, and high customer acquisition
costs.
Despite these constraints, the sector continues to expand, with the global database of Islamic Fintechs now comprising 484 firms.
Finally, the report highlights 30 Notable Islamic Fintechs that stand out as industry
leaders, distinguished by funding activity, geographic expansion, consolidation strategies, and innovation within the broader Islamic finance industry.
For the full Report : file:///C:/Users/USER/
SOURCE
Dinar Standard and Elipses.
